Regulation 8

Change of custody, care and control

of Child Development Co-Savings Regulations

Subsidiary LegislationIn forceProvision 13 of 25

Amended byS 226/2011 wef 01/05/2011S 226/2011 wef 01/05/2011S 603/2004 wef 01/10/2004S 226/2011 wef 01/05/2011

Subregulation 1

Amended byS 226/2011 wef 01/05/2011S 226/2011 wef 01/05/2011S 603/2004 wef 01/10/2004

Where —

(a)

the custody, care and control or care and control of the member is granted under an order of court or by agreement between the parents of the member to a parent or person other than the person who is the trustee of the Child Development Account; or (b)the member is adopted by any person other than the trustee of the Child Development Account, the trustee shall, as soon as practicable after he knows of the occurrence of such event, notify the Director of such event.

Subregulation 2

Amended byS 226/2011 wef 01/05/2011

Any trustee of a Child Development Account who, without reasonable excuse, fails to comply with paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $2,000.

Read in full context — Child Development Co-Savings Regulations →